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Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2022 and an increase of 43.5% year on year.
Earnings for Bulkers have strengthened since the start of the traditionally stronger Q4. Larger Bulkers have seen the most dramatic increased with Panamax earnings up by c. 18.54% from the start of October to 16,386 USD/Day.
More than half of the coal is coming from Indonesia, representing 56% of coal imports to India this year alone. Although the iron ore trade to China has traditionally been the cornerstone of the Bulker market, particularly for Capes, it seems that coal imports to India are providing increasing support to the market.
Coal is dominating Bulker demand to India, accounting for 90% of Capesize trades this year, 76% of Panamax trades, 49% of Supramax trades and 1% for Handysizes.
In their latest quarterly forecast, VesselsValue, a Veson Nautical solution, the potential for imports to increase further in coming years. The Indian economy is growing at around 6.5% per year and as a result this will increase their demand for energy both for power, with coal accounting for around three quarters of their energy consumption and also for growing industrial activity.
As India is highly reliant on coal, standing for ¾ of their energy consumption, VesselsValue predicts that Indian coal imports are expected to increase by 12% per annum between 2023-2025.
Source: VesselsValue, Veson Nautical
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Monday, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
Monday, 08 January 24
SEABORNE TRADE REACHES 12.4BN TONNES - CLARKSONS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and N ...
Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it ex ...
Friday, 05 January 24
INDIA'S COAL OUTPUT RISES NEARLY 11 PC IN DEC TO 92.87 MT - PTI
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official s ...
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- Standard Chartered Bank - UAE
- Planning Commission, India
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Electricity Authority, New Zealand
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